This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the creation of molecules with potential therapeutic effects, such as those targeting neurological or cardiovascular disorders. Additionally, it serves as a building block in the preparation of complex organic compounds, aiding in the exploration of new drug candidates. Its application is also seen in the fine chemical industry, where it contributes to the production of specialized chemicals for advanced research purposes.